Market Trends – Sherman Oaks Real Estate 91423

by Mario Acosta on October 19, 2011

in First-Time Home Buyers, How Much Is My Home Worth?, How's The Market, Market Trends, Sherman Oaks

Sherman Oaks Real Estate Market Trends – October 2011

The good news for Sherman Oaks home buyers is an increase in home inventory of nearly 6% from the previous month.  The year-over-year inventory has dropped nearly 50% from the same time last year.  The lower number of foreclosed homes currently on the market together with seller’s deciding to hold off from listing, and an increase in short-term loan mods has had a large affect on overall inventory levels this year.

With less Sherman Oaks  homes on the market than last year at this time, it is a good opportunity for the right seller with a desirable home to standout in the marketplace.

 

 

 

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Post by Mario Acosta

Mario has written 117 articles.

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